Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 945.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 58,782 shares of the company’s stock after acquiring an additional 53,162 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Super Micro Computer were worth $1,792,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after acquiring an additional 1,192,366 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares during the last quarter. Nepsis Inc. purchased a new stake in Super Micro Computer in the 4th quarter valued at about $13,625,000. Annex Advisory Services LLC acquired a new position in Super Micro Computer in the fourth quarter valued at about $6,708,000. Finally, Diversify Advisory Services LLC purchased a new position in Super Micro Computer during the fourth quarter worth about $5,113,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Up 17.6 %

Shares of NASDAQ:SMCI opened at $42.65 on Tuesday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The company’s 50 day moving average is $33.56 and its two-hundred day moving average is $40.74. The company has a market cap of $24.97 billion, a PE ratio of 21.41 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group decreased their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average target price of $62.89.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.